Some investors in a Chelsea lounge, opened last year with Michael Strahan’s involvement, say they’re not having much fun.

The Leonora’s been facing eviction proceedings in Manhattan court since December, and sources say the Labor Department recently paid a visit.

The club just hosted Fashion Week bashes for designers Viktor Luna and Nina Athanasiou, as well as Liam McMullan, Aim Model Management and others.

But one investor tells us a stake in the place ain’t no party.

“People don’t get paid, the landlord’s been evicting them,” he said, adding he was enticed to invest because he “idolized” Strahan. (A friend of the former Giant says he just lent his name to the venture owned by Noel Ashman).

But a rent dispute that dragged on since December was settled this week: Sources said the club forked over $40,000 in back rent and still owes another $36,000.

But a rep for the club claimed, “The numbers quoted are not accurate. There were some minor issues with the landlord that were resolved. Meanwhile, the club continues to do great.”